When I first came across the UBS valuation, I was quite shocked and excited (even their downside scenario valuation is still circa 40%+ upside to current price . However, then I read announcement that UBS is now the partner for raising capital going forward which makes me less excited about this business.
I first got into this when it was around $3 and someone from the Montgomery fund was saying fair value was around $4. However from my understanding following the his blog, the Fund has exited the position. Which is not a good sign IMO.
“curious time” for an equity raising, page-10
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $1.019B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.25 | $1.026M | 812.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13226 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 5410 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| GEM (ASX) Chart |